Alayna Olesons College Financial Plan:

I plan to attend college for anywhere from 4-8 years to earn a degree in Business or Business
Law. I do not have a town or city preference just somewhere with a healthy environment, good
pay, good benefits, and is enjoyable. I will attend Niacc for my Gen eds and then transfer to UNI
to complete my degree and schooling.
According to the Houston Chronicle, the median nationwide salary of a public defender is
$47,500. First year prosecution attorneys earn a median salary of $50,000. I presume my loans
for college will not exceed this amount.
http://thelawdictionary.org/article/how-much-does-a-first-year-lawyer-make/
Projected College Costs at NIACC
Per Year in dollars

Tuition & Fees at

NIACC:

Two Years in dollars

4703

9406

942

1884

Food & Boarding

Expenses:

1200

2400

Personal Expenses:

1905

3810

Transportation:

1542

3084

10,292

20,584

Books and Supplies:

Total Expenses:

Projected College Costs at NIACC

Projected College Costs at UNI

Per Year in dollars

Tuition & Fees at UNI:

Two Years in dollars

7912

15824

900

1800

Room, Food & Boarding

Expenses:

8066

16132

Personal Expenses:

1764

3582

420

840

1101

2202

20,163

40,326

Books and Supplies:

Transportation:

Mandatory Fees:

Total Expenses:

Applying my projected expenses, I should not have to take out loans after college. My personal
goal is to not have to pay much debt after I graduate college. If I follow through with my
projections, I should be able to successfully accomplish this goal. I will find as many ways as I
can to save money on and during college.

IV: Financial Plan

Family Contributions
Parental Contribution: Food Stipend

All

Parental Contribution: Tuition & Fees

Grandparent Contribution:

$5,000
unknown

Savings Bonds:

$2,000

My Contribution (Part-time Job Wages)

Part-time College Job: Transportation, Personal,
Supplies, other food costs, etc.

$52,000

Pseos

$2,358

Scholarships & Grants:

WCDA

College Loans (Expected Need):

I will be saving a lot of money living at home with my parents and having a part-time job. My
parents will pay for all of my living expenses and some personal needs as well. This will help
majorly as I start my college career. Not having to worry about extra expenses starting out will
be a huge benefit. I will be attending NIACC for the first two years, saving more than $1,500 on
tuition per year. For my classes, if there are books that can be accessed online, I will save
money and use online books instead of paying extra for a hard copy.
I can do research and look up grants that will help to pay for my schooling.
If all plans go accordingly, I will not have to take out student loans after college, and not have to
pay back every month, for years on college expenses. I will maintain classes with a full time or
part time job. The money earned from working will go towards paying back for college and other
small personal expenses.
Taking enough credits per semester to finish in my four-year time period, will be essential.
Although I do have my goal set to attain my bachelors degree in 5 years. I gave myself an extra
year incase something comes up, or I have to take a class or two less to make time for work.
Taking too few credits will end up costing more in the end. It costs the same to take 18 credits a
semester, opposed to 12, and you will graduate on time, if not sooner. Living at home, being

$5,000

supported by my parents for the first two years of college will be a huge benefit complimenting
my financial expenses in college.
I will continue to apply for scholarships throughout college, there is a chance that I can still get
more taken off my college costs this way. By the time I am done with high school this year I will
already have 18 college credits as well, which will be a boost to help me graduate on time, or be
done sooner than projected.
Saving money for important and more beneficial things will be essential. I will watch what Im
spending money on, and spend it wisely so that all goes as planned and I will not have to pay
back money after college, for student loans.